It may meet resistance in 81.228996 - 81.335701 zone for a drift down to 80.984406 zone, after which bounce to 81.580299 is anticipated.

Technical Forecast

  • Elliott Wave

    extended impulse wave down

Key Points

  • Key Point80.80
  • Entry Point81.05
  • Trendline 181.52
  • Trendline 281.03
  • Elliott83.95
  • Closing81.23
  • Ex-Low81.09
  • Ex-High81.69
  • Projection80.22

Supports and Resistance levels

  • Support 180.98
  • Support 280.74
  • Resistance 181.58
  • Resistance 281.93
  • Pivot81.34

It looks more likely that it would rise to 83.141670 - 85.054359 from 81.081963 or 80.125618. After which a downside move is expected.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point80.02
  • Entry Point81.98
  • Trendline 182.42
  • Trendline 282.42
  • Elliott83.95
  • Closing81.23
  • Ex-Low80.93
  • Ex-High83.95
  • Projection79.49

Supports and Resistance levels

  • Support 180.13
  • Support 279.02
  • Resistance 183.14
  • Resistance 285.05
  • Pivot82.04

It should trade higher to 84.157951 while 82.010002 or 81.412033 offers support. Stop loss below 80.814056 zone.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point84.39
  • Entry Point82.21
  • Trendline 179.86
  • Trendline 281.16
  • Elliott78.56
  • Closing82.96
  • Ex-Low79.86
  • Ex-High83.21
  • Projection84.54

Supports and Resistance levels

  • Support 180.81
  • Support 278.67
  • Resistance 184.16
  • Resistance 285.35
  • Pivot82.01